Alibaba (BABA) Buys Stake in US Online Retailer Zulily (ZU)

Chinese e-commerce giant Alibaba Group (BABA) has taken a stake of more than 9% in US online retailer Zulily Inc. (ZU), according to regulatory papers. In a filing with the SEC late Friday, Alibaba said it had bought a block of about 4.8 million Zulily Class A shares on May 6 at a cost of […] View the full post at: Alibaba (BABA) Buys Stake in US Online Retailer Zulily (ZU) Related posts: Alibaba Ready To Buy Back Yahoo Stake Edgar Online’s Largest Shareholder Dumps Entire Holding Walmart Launches New Online Shopping Portal